SA employers are seeking 6.1% pay rises to compete for staff

South African employers are targeting pay rises of 6.1% in 2023 to compete for staff in a challenging job market and high inflation. That increase is slightly higher than the 5.9% increase in salary budgets in 2022, but bodes well for people looking for jobs in a variety of fields. According to a study by WTW, a global consulting, placement and solutions company, local employers plan to increase their salary budgets to attract and retain employees. The latest Salary Budget Planning Report, which received 423 responses in South Africa, found that nearly four in ten (38%) companies reported their salary budget…

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